Chartwell Investment Partners LLC decreased its holdings in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 1.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 520,243 shares of the company’s stock after selling 6,964 shares during the period. Chartwell Investment Partners LLC’s holdings in Fresh Del Monte Produce were worth $12,522,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Aigen Investment Management LP acquired a new position in Fresh Del Monte Produce in the third quarter valued at approximately $74,000. CWM LLC grew its stake in shares of Fresh Del Monte Produce by 35.2% in the 4th quarter. CWM LLC now owns 48,063 shares of the company’s stock worth $1,157,000 after purchasing an additional 12,513 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Fresh Del Monte Produce by 55.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Fresh Del Monte Produce by 213.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 364,139 shares of the company’s stock worth $8,346,000 after purchasing an additional 247,801 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in Fresh Del Monte Produce by 13.9% during the third quarter. UBS Asset Management Americas Inc. now owns 31,784 shares of the company’s stock valued at $728,000 after purchasing an additional 3,877 shares during the last quarter. 67.39% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Mohammad Abu-Ghazaleh sold 20,000 shares of the firm’s stock in a transaction on Friday, November 27th. The stock was sold at an average price of $24.95, for a total transaction of $499,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,853,951 shares of the company’s stock, valued at approximately $171,006,077.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 35.60% of the stock is currently owned by corporate insiders.
Fresh Del Monte Produce stock opened at $26.21 on Tuesday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 54.61 and a beta of 0.69. Fresh Del Monte Produce Inc. has a 1 year low of $20.25 and a 1 year high of $37.47. The firm’s 50 day moving average price is $25.20 and its two-hundred day moving average price is $24.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.80.
Fresh Del Monte Produce Company Profile
Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It offers fresh and value added products, such as pineapples, melons, grapes, apples, citrus, blueberries, strawberries, pears, tomatoes, peaches, plums, nectarines, cherries and kiwis, avocados, fresh-cut and prepared fruits and vegetables, juices and other beverages, prepared meals and snacks, bananas, and other fruits and vegetables.
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